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Average speed of Russian rail freight increases to 466 km/day
The coronavirus pandemic represents a significant challenge to the global economy and the Russian transportation sector. Since mid-March 2020, governments across the world have implemented significant restrictive measures to slow the spread of the virus.
These measures, in addition to deteriorated economies, have resulted in severe stresses, pressured freight transportation volumes and negatively affected pricing rates. In October 2020, Fitch Ratings conducted a webinar focused on recent sector developments. In this report, Fitch addresses questions raised at the webinar and often asked by investors regarding freight rail operators, such as Globaltrans Investment Plc and PJSC Freight One. Following the webinar, Fitch has published “What Investors Want to Know: Russian Container Transportation During the Pandemic” and will publish a report on Russian airlines, which will be available on Fitch’s website.
This article first appeared on www.fitchratings.com
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